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Omicron Led to Cuts in Hours Not Jobs

The economy added 467,000 jobs in January, in spite of the spread of the omicron variant. Even pandemic sensitive sectors such as hotels and restaurants were big job gainers. It appears that employers’ main response was to reduce hours, with the averag…

The economy added 467,000 jobs in January, in spite of the spread of the omicron variant. Even pandemic sensitive sectors such as hotels and restaurants were big job gainers. It appears that employers’ main response was to reduce hours, with the average workweek falling by 0.2 hours, a decline of 0.6 percent. The unemployment rate More

The post Omicron Led to Cuts in Hours Not Jobs appeared first on CounterPunch.org.


This content originally appeared on CounterPunch.org and was authored by Dean Baker.


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